Q. 123.8( 4 Votes )
What is the effect of black money on our economy?
Answer :
The unaccounted money that circulates in the market is referred to as black money.
The effect of black money are:
a. Black money means a substantial loss in revenue for the government.
b. shortage created by black money is resorting by raising more indirect taxes, that increases the burden on middle and poor class people.
c. Black money results in the transfer of funds from India to foreign countries.
d. Black money has also corrupted our political system.
Rate this question :
Understand the Impulse and its Significance.43 mins
Tackling the Poverty-Schemes and Plans49 mins
Quiz on Socialism in Europe and the Russian Revolution45 mins
Emergence of Socialism50 mins
October Revolution of 191736 mins
Understanding The Nazi Propaganda53 mins
Smart Revision | Rutherford's Experiment43 mins
Champ Quiz | The Five Kingdoms45 mins
Champ Quiz |Conservation of Earth49 mins
The Lost Child39 mins
What is the effect of black money on our economy?
Telangana Board - Social ScienceOrdinary food items, such as grain, pulses, oil are used by all. Then why is it said that imposing a tax on them will have a greater effect on the poor?
Telangana Board - Social ScienceWhat is the difference between the Excise duty and Customs duty?
Telangana Board - Social ScienceMatch the following:
Is there any hike in the bus fares recently? If so, try to know the reasons for it.
Telangana Board - Social ScienceHow would VAT reduce the evasion of taxes on goods?
Telangana Board - Social ScienceYou are expected to tax on steel, matches, clocks, cloth, iron; a tax increase on which of these would affect the prices of other commodities the most, and why?
Telangana Board - Social ScienceWhy does the government need a budget? Why does the budget talks of taxes?
Telangana Board - Social ScienceRead the paragraph under the heading ‘Direct Taxes' and answer the following: Why do high-income earners pay more tax?
Telangana Board - Social Science